Accumulating wealth is like building The Great Wall, one brick at a time
Category: AlternativeBy Sun on Apr 25, 2008 in Alternative, Investing | 2 Comments
A little over one year ago, I bought a Buffalo gold coin from Bullion Direct when the price was around $640 an ounce. Somehow, I never considered that as an investment, though gold has gained a lot in the past year. Currently at $885, gold actually made a good investment
Since then, I have […]
By Sun on Mar 14, 2008 in Alternative, Investing | 15 Comments
Just when you think the stock markets might have turned the corner (stocks gained the most in five years on Tuesday and S&P issued a statement yesterday saying the end is near for subprime related writedowns), another bomb dropped on the Wall Street today: Bear Stearns, one iconic company on the Street, needs […]
By Sun on Feb 20, 2008 in Alternative, Investing | 1 Comment
US stocks reversed course Wednesday, making a 240+ points swing from down 154 points to close the session up 90 points.
As stocks turned around, gold also got a boost to reach a new record of $945.80 an ounce. The precious metal rallied after a government report showed that inflation picked up stem in January with […]
By Sun on Jan 8, 2008 in Alternative, Investing | 2 Comments
The last time that gold was at $875 an ounce level was 28 years ago on January 21, 1980. Since them, gold has been in an extended bear market in almost 20 years until the current upward trend started in 2001. Today, gold contract reached a new all time high at $883.89/ounce […]
By Sun on Dec 6, 2007 in Alternative, Investing | 7 Comments
Did you ever wonder why the prices of bullion coins containing the same amount of gold are different and how they are determined?
Yesterday, I read an article on GoodSeek.com (I also subscribe to their free daily Gold Seeker Report, which provides a nice summary of the precious market) that explains the prices discrepancy among gold […]
By Sun on Nov 7, 2007 in Alternative, Investing | 5 Comments
Eight months ago, I bought an American Buffalo gold coin from Bullion Direct (take a look at why I chose Bullion Direct) when the price of spot gold was around $650 an ounce. With gold price reaches 27-year high, the appreciation of my gold coin is also significant. The total cost of the coin […]
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